Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) to Issue $0.07 Monthly Dividend

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) announced a monthly dividend on Thursday, November 20th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.071 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, February 20th.

Western Asset Investment Grade Defined Opportunity Trust Trading Down 0.1%

Shares of Western Asset Investment Grade Defined Opportunity Trust stock traded down $0.02 on Thursday, hitting $16.39. 69,063 shares of the company traded hands, compared to its average volume of 14,126. Western Asset Investment Grade Defined Opportunity Trust has a 52 week low of $15.70 and a 52 week high of $17.09. The business has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $16.55.

Institutional Trading of Western Asset Investment Grade Defined Opportunity Trust

Several hedge funds have recently bought and sold shares of IGI. 1607 Capital Partners LLC lifted its position in shares of Western Asset Investment Grade Defined Opportunity Trust by 47.5% in the first quarter. 1607 Capital Partners LLC now owns 137,000 shares of the company’s stock worth $2,271,000 after buying an additional 44,100 shares in the last quarter. Sit Investment Associates Inc. increased its stake in Western Asset Investment Grade Defined Opportunity Trust by 59.4% in the 1st quarter. Sit Investment Associates Inc. now owns 262,404 shares of the company’s stock worth $4,351,000 after acquiring an additional 97,747 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 13.0% during the 1st quarter. Wolverine Asset Management LLC now owns 71,859 shares of the company’s stock worth $1,191,000 after acquiring an additional 8,247 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of Western Asset Investment Grade Defined Opportunity Trust by 118.0% during the 2nd quarter. Shaker Financial Services LLC now owns 26,623 shares of the company’s stock worth $443,000 after acquiring an additional 14,411 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Western Asset Investment Grade Defined Opportunity Trust during the 2nd quarter valued at approximately $987,000.

About Western Asset Investment Grade Defined Opportunity Trust

Western Asset Investment Grade Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited.